The macro gloom and the low volatility during a turning point have made the market so unnervingly quiet! This is exactly what it looks like right before a storm. Yesterday, oil prices fell back, but U.S. Treasury yields just wouldn’t drop, and on top of that, consumer confidence has plunged. This “economic slowdown + stubbornly high inflation” stagflation haze keeps hanging over our heads. Bitcoin grinding at the highs is extremely tormenting, but a divergence on the daily chart has already appeared. A market turning is very likely to happen within these few days. Have you got both hands ready? I’ve already exited all my futures positions; I’m firmly holding spot at a low price with a 40% allocation. Also, if there’s a rebound back to the high price, I plan to buy put options. $BTC
